Largest Public Equity Stakes as of June 30, 2000
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Company Industry Sector
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Ciena Corporation/1/ Communications & Networking
E.piphany, Inc. Software & Computer Services
Handspring, Inc. Computer Hardware & Semiconductors
iBEAM Broadcasting Corporation Communications & Networking
Niku Corporation Software & Computer Services
Nortel Networks Corp./2/ Communications & Networking
OnDisplay, Inc. Internet
ONI Systems Corp. (formerly Optical
Networks, Inc.) Communications & Networking
Redback Networks, Inc./3/ Communications & Networking
Turnstone Systems, Inc. Communications & Networking
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/1/ Comdisco Ventures group received shares in Ciena Corporation, as a
result of that company's purchase of Lightera Networks, Inc.
/2/ Comdisco Ventures group received shares in Nortel Networks Corp., as
a result of that company's purchase of Promatory Communications.
/3/ Comdisco Ventures group received shares in Redback Networks, Inc. as
a result of that company's purchase of Siara Systems, Inc.
The equity instruments Comdisco Ventures group holds are generally
subject to securities law restrictions on transfer and contractual lock-ups
restricting its ability to sell them for up to approximately 180 days after an
initial public offering or longer. Of the $484 million in equity value of the
current public equity holdings of Comdisco Ventures group at June 30, 2000,
approximately $390 million was not then available for sale as a result of
unexpired restrictions. The public market for high-technology and other
emerging growth companies is extremely volatile. This volatility may adversely
affect both Comdisco Ventures group's ability to dispose of those equity
securities and the value of those equity securities on disposal.
Private equity holdings. In addition to the public equity holdings of
Comdisco Ventures group, as of June 30, 2000, it held warrants and other equity
positions in approximately 450 companies that are still private. The following
table sets forth those companies, grouped by business sector, to which Comdisco
Ventures group has committed $3 million or more in financing (whether as a
venture lease, venture debt or direct equity purchase) as of June 30, 2000.
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